Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Mengis Capital Management Inc.

Mengis Capital Management Inc. lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 37,580 shares of the construction company’s stock after purchasing an additional 1,430 shares during the quarter. Quanta Services accounts for 1.5% of Mengis Capital Management Inc.’s portfolio, making the stock its 16th largest position. Mengis Capital Management Inc.’s holdings in Quanta Services were worth $8,110,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its position in shares of Quanta Services by 47.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock valued at $34,000 after purchasing an additional 52 shares during the last quarter. Central Bank & Trust Co. increased its position in shares of Quanta Services by 2.1% in the 4th quarter. Central Bank & Trust Co. now owns 3,246 shares of the construction company’s stock valued at $700,000 after purchasing an additional 66 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Quanta Services by 0.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,511 shares of the construction company’s stock valued at $2,340,000 after purchasing an additional 67 shares during the last quarter. Czech National Bank increased its position in shares of Quanta Services by 0.3% in the 4th quarter. Czech National Bank now owns 25,445 shares of the construction company’s stock valued at $5,491,000 after purchasing an additional 67 shares during the last quarter. Finally, Gray Wealth Management Inc. grew its position in shares of Quanta Services by 6.2% in the 3rd quarter. Gray Wealth Management Inc. now owns 1,168 shares of the construction company’s stock valued at $218,000 after buying an additional 68 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Up 1.8 %

Quanta Services stock traded up $4.35 during trading on Monday, reaching $247.61. The company had a trading volume of 345,301 shares, compared to its average volume of 919,515. Quanta Services, Inc. has a 12-month low of $153.74 and a 12-month high of $265.82. The stock’s 50 day moving average price is $242.69 and its two-hundred day moving average price is $209.31. The firm has a market capitalization of $36.25 billion, a price-to-earnings ratio of 49.31 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.47.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.21. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.46%. Quanta Services’s revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 earnings per share. As a group, equities analysts expect that Quanta Services, Inc. will post 7.63 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 9th were given a dividend of $0.09 per share. The ex-dividend date was Monday, April 8th. This represents a $0.36 dividend on an annualized basis and a yield of 0.15%. Quanta Services’s dividend payout ratio (DPR) is 7.19%.

Insider Buying and Selling at Quanta Services

In other news, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the transaction, the executive vice president now directly owns 263,725 shares of the company’s stock, valued at $62,476,452.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Donald Wayne sold 8,842 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $242.27, for a total transaction of $2,142,151.34. Following the transaction, the executive vice president now directly owns 44,129 shares of the company’s stock, valued at $10,691,132.83. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the transaction, the executive vice president now directly owns 263,725 shares in the company, valued at $62,476,452.50. The disclosure for this sale can be found here. Insiders have sold a total of 47,125 shares of company stock valued at $11,270,215 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of Quanta Services from $237.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. KeyCorp initiated coverage on shares of Quanta Services in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Citigroup raised their price objective on shares of Quanta Services from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday. TD Cowen raised their price objective on shares of Quanta Services from $205.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Finally, Evercore ISI initiated coverage on shares of Quanta Services in a research report on Tuesday, February 13th. They set an “outperform” rating and a $237.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.23.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.